BP chairman quits after green energy plan gutted [Yahoo! Finance]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: Yahoo! Finance
The oil giant said on Friday that Helge Lund would step down “in due course”. The announcement comes amid a campaign by activist US hedge fund Elliott for more change at the company, which has already watered down green energy plans previously adopted under Lund. The Norwegian backed BP's 2020 decision to cut fossil fuel production 40pc by 2030 and become an “integrated energy company” focused on low carbon energy. He was also in charge during BP's 2020 appointment of Bernard Looney, the chief executive who committed the company to its low carbon path but who then left over his undeclared relationships with colleagues Mr Lund said on Friday: “Having fundamentally reset our strategy, BP's focus now is on delivering the strategy at pace, improving performance and growing shareholder value. Now is the right time to start the process to find my successor and enable an orderly and seamless handover.” It follows pressure from Elliott Advisors, which has taken a 5pc stake in BP . Th
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BP
Earnings
- 11/5/25 - Beat
BP
Sec Filings
- 12/1/25 - Form 6-K
- 12/1/25 - Form 6-K
- 11/6/25 - Form 13F-HR
- BP's page on the SEC website